CCC emerges lowest bidder for Kuwait Petroleum fuel depot
KUWAIT CITY, 16 hours, 18 minutes ago
Kuwait National Petroleum Company (KNPC) has announced that five leading companies have submitted their bids for the construction of a new New Local Marketing Depot at Matlaa area in the North of Kuwait.
Of these five, Consolidated Contractors Group SAL - Offshore (CCC) has emerged as the lowest bidder with a figure of KD357.2 million ($1.15 billion).
As per the tender notification, the other bidders who has submitted the proposals are: Sinopec Lupyang Engineering Company (KD358.3 million); Enppi (KD384.5 million) and Larsen & Toubro Limited (KD414 million) and Open Tower General Trading and Contracting Company (KD505.4 million).
As per the tender notification, Kuwait National Petroleum Company (KNPC) is planning to build a new depot at Matlaa area in the North of Kuwait.
The project main goal is to meet the growing demand of petroleum products in the local market as well as to maintain the maximum strategic stock in depots as per KPC recommendations and to cut down products transportation costs.-TradeArabia News Service
